House prices in Germany declined by an average of 9.9% in Q2 2023 compared to Q2 2022. This was the sharpest year-on-year decline since the time series began in 2000.
Investors are selling equities at the fastest pace since December, with global equity funds reporting outflows of $16.9 billion in the week through Sept 20: EPFR & BofA. Maybe we're now at a place where higher rates are going to be bad for risk assets. https://t.co/9W3Uc0QQli
“How much more pain from rising bond yields can equities now tolerate?," SG's Albert Edwards asks as US 10y bond yields have risen > global equity yield and Edwards continues: "Maybe none.”
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